Daily Archives: December 17, 2016

R.I.P. Bond Bull!!!!!

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I had to add all the !!!!! because as in the mainstream media, this little outpost wants to get your attention and get you all riled up.  Here’s the headline (from Bloomberg, which I actually like a lot more than the average financial media backwash).

[edit] Just yesterday we highlighted the same MSM entity publishing some very sound words by Barry Ritholtz on a related topic.

Clicking the headline yields the article…

headline

So the charts say the last gasps have been taken, do they?  Oooh, the charts…

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Sentiment Extremes Warn of Likely Correction In US Equities

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One of my favorite indicators for identifying potential corrections in the stock market has just triggered the 4th extreme reading of below 0.60 on the Put-to-Call Ratio in what I refer to as a cluster of readings (a series of sub 0.60 readings that occur in relative close proximity without a substantial correction while the stock market is moving higher with each successive reading).

$CPC chart

Total Put/Call Ratio

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